AOMC Holds Executive Revellers 2021

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The Association of Oil Marketing Companies (AOMC) has held its Executive Revellers 2021, to celebrate and honour distinguished individuals and companies that have devoted themselves well in the association and industry in general.

The occasion was also used to exchange business ideas for collective progress and merry-making; amidst full observation of all COVID-19 protocols.

The outgoing Board Chairman of the association, Mr. Johnny Crossby Blagogee, after finishing his term of office, handed over to a new Chairman, Mr. Henry Akwaboah.

What made the event unique was the passing through of the Energy Minister Designate, Dr. Matthew Opoku Prempeh at the event. It was first time a high profile government official had graced the event.

Dr. Prempeh in a terse speech said that government would continue to fashion out policies that will inure to the progress of petroleum downstream operators without compromising on the illegality which breeds unfair competition amongst players.

He commended the AOMC members for ensuring good corporate citizenship by prompt and consistent tax payments; and also ensuring that the ethics and standards of the petroleum downstream are upheld with safety of the lives they serve daily; and the availability of petroleum products across the country.

Mr. Blagogee, the outgoing Board Chairman gave vivid account of what he and his team achieved whiles in office.

Among them, he mentioned the successful negotiation with the National Petroleum Authority (NPA) on reduced license and permit fees and successful negotiation of the 400% increase in Ghana Standard Authority (GSA) verification fee to 22%.

‘’We successfully ensured that the 400% increment in verification fees for LPG related items were reduced to 0% due to the uncertainties of the new LPG policy and efficiently liaised with the Ghana Revenue Authority (GRA) on tax payments rescheduling for some OMCs and LPGMCs and liaised with various MMDAs and District Assemblies on charges and fees,’’ he said.

He said: ‘’Successfully we negotiated with the GRA on an extension of tax payment period from the prevailing 21+4 days to 45 days during the Covid-19 pandemic period from March to August and successfully engaged an LPG expert from APEA to train AOMC members on the safe operation of LPG outlets.’’

Mr. Blagogee said that the AOMC negotiated with the NPA on waiver on the issuance of penalties and fines in other regions as also ensured revitalized and financially enabled secretariat through an enhanced subscription model.

‘’There were enhanced engagements with major stakeholders and Civil Society Organizations (CSOs) and critically involved in the fight against the influx of illegal products and export dumping, introduced the AOMC Bi-weekly newsletter to inform members of happenings within industry and particularly advise on the pricing of petroleum products and facilitated the improvement of operational standards, by joining APEA and Platts to have overview of projected ex-refinery prices for each window,’’ he said.

He urged the new executives to take note of progress of the association and work hard to sustain affairs of the AOMC.

Mr. Akwaboah, the incoming Chairman, on his part, promised that with consultations among members, the industry coordinator and other stakeholders on advice of the board, they will achieve the association’s set goals and objectives.

The industry coordinator of the AOMC is Mr. Kwaku Agyemang-Duah.